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the election of harding basically two things he had to slogans one was lower taxes top tax rate was ninety one percent he lowered it to twenty five percent nineteen twenty want to since he was elected and his slogan more more business in government less government in business in other words outsource and deregulate and some familiar this these two things which he put into place nine hundred twenty one kicked off the roaring twenty's the bubble of the word twenty's which led to the crash of twenty nine so we learned so we get really stupid there for a period of time we learned from that night from from really nine hundred thirty two until the one nine hundred eighty s. and by the time the one nine hundred eighty s. came along sixty years down the road more or less time that came along and the only people who you know like it phil gramm had proposed gramm which bliley right you know to and glass steagall if you propose that back in the fifty's or the sixty's or even the early seventy's there were still people in congress who remembered the crash and the big o. and your crazy but instead made
the election of harding basically two things he had to slogans one was lower taxes top tax rate was ninety one percent he lowered it to twenty five percent nineteen twenty want to since he was elected and his slogan more more business in government less government in business in other words outsource and deregulate and some familiar this these two things which he put into place nine hundred twenty one kicked off the roaring twenty's the bubble of the word twenty's which led to the crash of...
SFGTV: San Francisco Government Television
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Dec 9, 2013
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guess i don't know if i got a deferral, then i could put some money into an ira to hopefully help my tax situation for next year and also the health insurance law for next year. that makes my income level for next year in applying for health insurance, but yeah, it would be something i would vefrmgly have to pay anyway down the road. i guess a deferral would kind of help but with the hardship i was kind of looking for, you know, a reduction or, you know, a waiver and i really didn't want to hire anybody to figure this out for me. this is kind of complicated for me to understand the whole nexus and the property value of whether it's worth going through the condominium conversion or not. >> i understand that, okay, thank you. >> thank you. >> thank you, any other questions to the appellant? okay. thank you very much, sir. let me ask for the second appellant, if that individual's here. sir, do you know, is your neighbor here today? >> [inaudible]. >> okay, so again, just calling for anyone to represent the second appellant. supervisor breed? >> thank you. i just wanted to let the appellant
guess i don't know if i got a deferral, then i could put some money into an ira to hopefully help my tax situation for next year and also the health insurance law for next year. that makes my income level for next year in applying for health insurance, but yeah, it would be something i would vefrmgly have to pay anyway down the road. i guess a deferral would kind of help but with the hardship i was kind of looking for, you know, a reduction or, you know, a waiver and i really didn't want to...
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Dec 3, 2013
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. >> the united states supreme court is staying out of state internet sales taxes. today the justices rejected an appeal regarding a new york law that requires companies to collect state taxes. amazon and overstock.com fought back and instead they brought broader federal legislation to collect from online retailers $1 million from south of state bills. the bill passed the united states senate but remained stuck in the house of representatives. that is even a bigger problem for the company given that there will not be any relief at the supreme court. two months and 400 software bugs later the obama administration said the self-imposed deadline for fixes healthcare.gov has been met for the most part. but it's the glitches that some cannot see that has consumers worried. >>> and trading your money in your 401k. some analysts believe it's a great way to increase your nest egg. others say its gambling with your golden years. it's "real money." stay tune. (vo) al jazeera america we understand that every news story begins and ends with people. >> the efforts are focused on
. >> the united states supreme court is staying out of state internet sales taxes. today the justices rejected an appeal regarding a new york law that requires companies to collect state taxes. amazon and overstock.com fought back and instead they brought broader federal legislation to collect from online retailers $1 million from south of state bills. the bill passed the united states senate but remained stuck in the house of representatives. that is even a bigger problem for the company...
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more expensive, we are paying for them and the taxpayers are paying for all of this, either through tax breaks or the green energy companies or other kinds of write-offs. but at the end of the day, why can the grid not handle it? what is a technil issue? >> it is difficult. they turn and they create energy, it is difficult to get that energy over to the coast and we generate a lot of wind energy in the country. and it's difficult to get overlooked where it's needed. and once you start rying to get it out elsewhere, it is a little bit more difficult. but the big problem is tha the wind is heavily subsidized and it's more expensive. so germany and spain have ended their subsidies because it is just so expensive. for example the energy department says the average costs of natural gas are $66. >> that tells a story, doesn't it? and from what inderstand, if you live in california, you put solar panels on their house and it's not likely you will stay in the house long enough to pay off those solar panels. even so, the devils are in the detail. and it's really hard to make it work and make it
more expensive, we are paying for them and the taxpayers are paying for all of this, either through tax breaks or the green energy companies or other kinds of write-offs. but at the end of the day, why can the grid not handle it? what is a technil issue? >> it is difficult. they turn and they create energy, it is difficult to get that energy over to the coast and we generate a lot of wind energy in the country. and it's difficult to get overlooked where it's needed. and once you start...
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here is what i see her when i look at tax payers wallets. an open-ended obligation of my money going to insurers to fix the problem because the poor planning of this administration. again, why is that? >> i think it's not just this, it's the whole law, and i think you're actually onto something there. because people have talked about whether this will work and how many people would enroll, will there be a so-called deathspiral and etc. gerri: president is willing to open the process and the task of these insurers to give them whatever they want. let's talk about how many times the price tags for this website has gone up. that is now a billion dollars. it seems as though they are not willing to say that we are going to end this plan and what they are willing to say is that we will spend what we have to to make it work. and i could be disastrous. >> that is correct. but they probably will do exactly that despite what they have to. but even without him i don't think what they are going to get is much more than something that looks like a bit mo
here is what i see her when i look at tax payers wallets. an open-ended obligation of my money going to insurers to fix the problem because the poor planning of this administration. again, why is that? >> i think it's not just this, it's the whole law, and i think you're actually onto something there. because people have talked about whether this will work and how many people would enroll, will there be a so-called deathspiral and etc. gerri: president is willing to open the process and...
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Dec 9, 2013
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tax because he raises honeybees' he qualifies for the honeybee subsidy. bruce springsteen owns hundreds of acres of land but pays little tax because a an organic farmer works his land his pour neighbors pay more. >> i don't get anybody trying to lower taxes but bonn jovi and springsteen publicly supporting for obama holding rallies but then cry tax cuts for their riches and they robbed of poverty programs and a social contract with america being destroyed the middle-class is harmed but then you rob those anti-poverty programs by calling yourself a former? that is the hypocrisy that is frustrating to e why i wrote the book calling of these people on their duplicity. john: one final example some of the activists are so eager to promote anti- capitalist they glamorize people like bill ears -- bill ayers they killed people and bombed buildings and obama held a fund-raiser in bill ayers living room so robert redford came out with a movie based on the weather underground that the terrorists are on the run. >> we'd never be trade any of us all these years. >> i
tax because he raises honeybees' he qualifies for the honeybee subsidy. bruce springsteen owns hundreds of acres of land but pays little tax because a an organic farmer works his land his pour neighbors pay more. >> i don't get anybody trying to lower taxes but bonn jovi and springsteen publicly supporting for obama holding rallies but then cry tax cuts for their riches and they robbed of poverty programs and a social contract with america being destroyed the middle-class is harmed but...
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the election of harding basically two things he had to slogans one was lower taxes top tax rate was ninety one percent he lowered it to twenty five percent nineteen twenty want to since he was elected and his slogan more more business in government less government in business in other words outsource and deregulate and some familiar this these two things which he put into place nine hundred twenty one kicked off the roaring twenty's the bubble of the word twenty's which led to the crash of twenty nine so we learned so we get really stupid there for a period of time we learned from that night from really nine hundred thirty two until the one nine hundred eighty s. and by the time the one nine hundred eighty s. came along sixty years down the road more or less time that came along and the only people who you know like it phil gramm had proposed gramm leach bliley right you know to and glass steagall if you propose that back in the fifty's or the sixty's or even the early seventy's there were still people in congress who remembered the crash and the go on your crazy but instead made you know
the election of harding basically two things he had to slogans one was lower taxes top tax rate was ninety one percent he lowered it to twenty five percent nineteen twenty want to since he was elected and his slogan more more business in government less government in business in other words outsource and deregulate and some familiar this these two things which he put into place nine hundred twenty one kicked off the roaring twenty's the bubble of the word twenty's which led to the crash of...
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with the smaller tax base, city leaders did not reduce the budget. under pressure from labor unions, they never reduced things like health benefits or bonuses. when the budget was in the red the borrowed. judge steven rhodes wondered out loud why this hadn't happened sooner as he made the historic ruling that detroit is eligible for chapter 9 bankruptcy. now pension, for more than 23,000 firefighters, police and other municipal employees are facing the potential of dramatic reductions. >> we're trying to be very thoughtful, measured and humane about what we have to do. what i can tell them is that the reality is there's not enough money to address the situation no matter what we do >> reporter: the american federation of state, county and municipal employees immediately filed a notification of appeal, noting that there is no insurance to act as a bock stop for city pensioners, they just lose money. also noting that judge rhodes determined the city did not bargain with pension representatives in good faith but there was no practical way to do so. >> w
with the smaller tax base, city leaders did not reduce the budget. under pressure from labor unions, they never reduced things like health benefits or bonuses. when the budget was in the red the borrowed. judge steven rhodes wondered out loud why this hadn't happened sooner as he made the historic ruling that detroit is eligible for chapter 9 bankruptcy. now pension, for more than 23,000 firefighters, police and other municipal employees are facing the potential of dramatic reductions. >>...
SFGTV: San Francisco Government Television
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Dec 6, 2013
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reauthorization in october of next year, conversations are already happening there is one talking about the gas tax at the federal level and trying to address the revenue question and an emerging idea is to allow the local control of funds but the fund program and we will continue to track that and perhaps call on some of you to go to washington and discuss the opportunities, and with the legislators next spring, and regionally, with the reissue of wean and her campos, and to the adoption last year as was mentioned by the chair and commissioner weiner there has been a strong proposal at the mtc to commit of a significant portion of cap and trade expected revenues to the large three largest transit operators and muni bart and transit and we are grateful for the leadership and for the, you know, the cooperation of the colleagues around the bay who do recognize that 80 percent of the rider ship are on the three systems and are responsible and they account for the 75 percent of the transit capitol shortfall in the region, to access these funds, there does need to be a local match and to come up with 30
reauthorization in october of next year, conversations are already happening there is one talking about the gas tax at the federal level and trying to address the revenue question and an emerging idea is to allow the local control of funds but the fund program and we will continue to track that and perhaps call on some of you to go to washington and discuss the opportunities, and with the legislators next spring, and regionally, with the reissue of wean and her campos, and to the adoption last...
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the increased tax which would boost the car tax by $100 a year would be used for road repairs and improve public transit. it could save drivers on repairs to flat tires caused by pot holes however it may be a hard sell for voters given california's is among the highest in the country. >>> president obama's approval rating in california continues to slip. 51% approve of the job president obama is doing. 43% disapprove. that number is up 8 points since july. california's view of the direction the u.s. is heading is down. 33% said it is heading in the right direction. 55% say we are off track. >>> california needs nurses but the state needs a way to train them. officials with cal state say qualified students are being turned away. they don't have the funding to hire instructors. some 62al are turning away 80% of -- schools are turning away 80% of students. >>> fog around the bay and at times dense. look at the temperatures from today. 69 in antioch. that was the high. 67 santa rosa. 64 in oakland. temperatures tomorrow and the next few days, low 50s tomorrow. and temperatures down into the 4
the increased tax which would boost the car tax by $100 a year would be used for road repairs and improve public transit. it could save drivers on repairs to flat tires caused by pot holes however it may be a hard sell for voters given california's is among the highest in the country. >>> president obama's approval rating in california continues to slip. 51% approve of the job president obama is doing. 43% disapprove. that number is up 8 points since july. california's view of the...
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one quoted as saying i don't think taking a raise when we raised taxes with prop 30 made sense. another since california economy continues to struggle i do not believe it is appropriate. per diem pay will go up from 142-dollars a day to 163, $10 less than before the cuts. hill says it's needed with the high cost of living in california. we don't want to be just the wealthy, everyone can participate and live in their communities. >> even before this raise california lawmakers were the highest paid in the nation, but they don't receive pensions and many other state legislatures only meet on a part-time basis. >>> a new state law protecting mountain lions is being celebrated by wildlife lovers, s b-1 32 changes the way fish and game officers deal with the officers requiring nonlethal measures if the lion poses no threat to people. >> up to now it was safer just to kill the lion. >> it was a year ago today fish and game shot and killed two orphan cubs. at the time that was the policy, the new law gives authorities more flexibility to capture and relocate errant lions. >>> we begin t
one quoted as saying i don't think taking a raise when we raised taxes with prop 30 made sense. another since california economy continues to struggle i do not believe it is appropriate. per diem pay will go up from 142-dollars a day to 163, $10 less than before the cuts. hill says it's needed with the high cost of living in california. we don't want to be just the wealthy, everyone can participate and live in their communities. >> even before this raise california lawmakers were the...
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. >> it would not have the taxes. we have the money left over. the park could be just as good. john: well, it certainly is true that the park is very commercial these days. but buying and selling going on. holiday gifts. very commercial. on the other hand, the public seems fine with that. >> its and look very nice. a different story. >> a lotf the things that they should be doing. you should -- john: some money. >> that's right. you will study. if everyone would feel just as good. >> is a very public. nobody has viewed it as privatized, and thefinal answer to these arguments, every dollar th is earned by concessions and sponsorships and events goes right back into the park. all that money is earned in these ways. the way we provide private skating complex skating for free which we do is from those booze and a sponsorship from city which has been ry generous. john: less talk about your next one combustion. boston, and was once a comn breezy feel. so for the tragedy. it was overgrazed. now it's a part. managed by government for about four and years. badly managed, and ts is the r
. >> it would not have the taxes. we have the money left over. the park could be just as good. john: well, it certainly is true that the park is very commercial these days. but buying and selling going on. holiday gifts. very commercial. on the other hand, the public seems fine with that. >> its and look very nice. a different story. >> a lotf the things that they should be doing. you should -- john: some money. >> that's right. you will study. if everyone would feel...
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the supreme court will not get involved with state sales taxes. amazon.com and overstock.com have been battling new york state for the past five years over state sales taxes. >>> kentucky police are offering a $10,000 reward for information leading to the disappearance of 65 cases of 20-year-old pappy van winkle bourbon and nine cases of rye. the missing booze is worth about $26,000. . the famous suit worn by gene kelly in one of the most famous dance scenes in hollywood history goes up for auction on friday. the rain soaked suit is expected to fetch more than $20,000. >>> hot male firefighter calendars have been around forever. in tampa they are giving the female paramedics an opportunity to raise money. for charities, including burn centers that are located in the area. >>> and speaking of the sunshine state, an unclaimed megamoney lottery ticket worth $1.3 million is set to expire in less than two weeks. better check those tickets. the winning ticket was sold back in june in miami. >>> just ahead, seattle takes on drew brees and the saints and
the supreme court will not get involved with state sales taxes. amazon.com and overstock.com have been battling new york state for the past five years over state sales taxes. >>> kentucky police are offering a $10,000 reward for information leading to the disappearance of 65 cases of 20-year-old pappy van winkle bourbon and nine cases of rye. the missing booze is worth about $26,000. . the famous suit worn by gene kelly in one of the most famous dance scenes in hollywood history goes...
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man of tax foundation explains not every online retailer is required to collect tax. back in the '70s the supreme court ruled that only businesses with a nexus, or a physical presence in the state, had to collect sales tax. but last year, california lawmakers went one step further. >> california is one of 12 states that passed a law that redefines physical presentations. >> reporter: it was coined the amazon tax and focused on large retailers lik amazon. some courts found the law unconstitutional. but the u.s. supreme court has decided to let a similar stand in new york. here in california the law went into effect last year requiring companies like amazon to collect tax at the time of purchase. >> regardless of whether they charge, you have to pay the tax. if it's not a sales tax at the time of purchase, you're supposed to keep your receipts and pay a use tax at the end of the year. nobody does it. >> reporter: but buyer beware. while henchman says for now the state is only likely to go for you on taxes like big items like cars or art, when it comes not fluctuating ec
man of tax foundation explains not every online retailer is required to collect tax. back in the '70s the supreme court ruled that only businesses with a nexus, or a physical presence in the state, had to collect sales tax. but last year, california lawmakers went one step further. >> california is one of 12 states that passed a law that redefines physical presentations. >> reporter: it was coined the amazon tax and focused on large retailers lik amazon. some courts found the law...
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their idea was to cut taxes. if your car breaks down, cut taxes. if you're houses on fire, cut taxes. if your lawn needs mowing, cut taxes. that was the only idea that they presented to voters. americans thought that they had very old ideas. >> they only felt that way because it was true. >> how many years have you seen the same commercial where a guy stands up and says i am for less taxes, less regulation and more freedom? we've been doing that since 1980 and, yes, we are all for that. but if that is the only message and we don't connect that to working-class voters -- by the way, in 1994 when we took over, we owned as a party working- class voters making like 30,000 dollars to $60,000. we dominated that area. >> your point about ronald reagan speaks to that. reagan was a child of goldwater. that is what inspired me to get politics. anti-big government, anti-communism. bad ideas, right? e fit our conservative principals to his day. it, dded something to economic determinism, optimism. we can do and be anything we want. there's a shining city out t
their idea was to cut taxes. if your car breaks down, cut taxes. if you're houses on fire, cut taxes. if your lawn needs mowing, cut taxes. that was the only idea that they presented to voters. americans thought that they had very old ideas. >> they only felt that way because it was true. >> how many years have you seen the same commercial where a guy stands up and says i am for less taxes, less regulation and more freedom? we've been doing that since 1980 and, yes, we are all for...
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but those gas taxes, the federal levy of around 18 cents a gallon in taxes by the state of around 8 and 50 cents a gallon, they pay to maintain highways and bridges across the country. and that's already a huge problem. we begin tonight with that terrifying bridge collapse. >> reporter: take for example the news that broke in may when an interstate 5 bridge collapsed a couple hundred miles north of portland. by next year the federal highway trust fund, the source of almost all the funding for bridges and roads that comes from washington will go bust. >> the bottom line is that we are in a downward spiral. what it means is the federal government is not going to be able to help states and locallities maintain what they've got. it means that people will pay with less safe driving conditions. >> does the gas tax generate enough revenue for the state of oregon to maintain its roads properly? >> no. just plain no. >> vicky say republican member of the oregon house. she says as the state's residents buy even more efficient cars and less gas, the budget crunch is only going get worse. but she t
but those gas taxes, the federal levy of around 18 cents a gallon in taxes by the state of around 8 and 50 cents a gallon, they pay to maintain highways and bridges across the country. and that's already a huge problem. we begin tonight with that terrifying bridge collapse. >> reporter: take for example the news that broke in may when an interstate 5 bridge collapsed a couple hundred miles north of portland. by next year the federal highway trust fund, the source of almost all the funding...
SFGTV2: San Francisco Government Television
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that the court is looking for supervision, but again as you might imagine the resources are severely taxed. and during the budget difficulties in the last years, the ability to manage large numbers. we are talking for example, homeless individuals, we see 30 individuals at any one given time. that's the active case load and it's driven by that. >> i have a question from the public defender for the law enforcement officials here. what reforms can you commit to at this point to reduce pretrial detention population? shall we start with sheriff mirkarimi or the district attorney? >> i will reiterate that the strategy that i think san francisco should seriously consider legislate a new criteria. that's what the penal code has empowered us to do. we could start right away by corralling a number of legislators and city hall to get behind this effort completely. and i suggest budgetary wise pretrial as will represents is not funded enough. frankly. and our ability to i think really discharge in a supervised capacity so there is an alternative to incarceration is something that the city should put
that the court is looking for supervision, but again as you might imagine the resources are severely taxed. and during the budget difficulties in the last years, the ability to manage large numbers. we are talking for example, homeless individuals, we see 30 individuals at any one given time. that's the active case load and it's driven by that. >> i have a question from the public defender for the law enforcement officials here. what reforms can you commit to at this point to reduce...
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issue education... gun control... the gap between rich and poor... job creation... climate change... tax policy... the economy... iran... healthcare... ad guests on all sides of the debate. >> this is a right we should all have... >> it's just the way it is... >> there's something seriously wrong... >> there's been acrimony... >> the conservative ideal... >> it's an urgent need... and a host willing to ask the tough questions >> how do you explain it to yourself? and you'll get... the inside story ray suarez hosts inside story weekdays at 5 eastern only on al jazeera america >> this isn't a new channel, this is a watershed moment in media for america. >> this entire region is utterly devastated. >> people our here are struggling. >> the fire jumped the highway we took earlier. >> your average viewer want's to actually understand how the health care law is going to help them or hurt them. >> they know they can get extremist bickering somewhere else. >> people say that we're revolutionary. our revolution is just going back to doing the best in journalism. >> this is the place to go watch h
issue education... gun control... the gap between rich and poor... job creation... climate change... tax policy... the economy... iran... healthcare... ad guests on all sides of the debate. >> this is a right we should all have... >> it's just the way it is... >> there's something seriously wrong... >> there's been acrimony... >> the conservative ideal... >> it's an urgent need... and a host willing to ask the tough questions >> how do you explain it to...
SFGTV2: San Francisco Government Television
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providing housing for low or middle class and middle-class people, people who are working and paying taxes that we need to have here for a functioning economy, so i am looking for ways to try to fund that, particularly for essential employees like teachers, nurses, first responders. projects coming up in the city like the renovation of dolores park, which is a once in 50 years opportunity to define what the park is and what changes we want to make to it. that will be a very significant projects. [inaudible] when was the last time it rained? there are puddles. we elect our supervisors by district, and it is very important to pay attention to the district, to be engaged in projects in the district, but we also represent the whole city. any supervisor that just focuses on the district without addressing the citywide issues is not doing his or her job. every day, i'd make sure i am working both on the citywide issues and on district issues. >> for those of us on the board, i know many of us have young ben was in the city. i know a ton of my friends have left the city. one thing that the strike
providing housing for low or middle class and middle-class people, people who are working and paying taxes that we need to have here for a functioning economy, so i am looking for ways to try to fund that, particularly for essential employees like teachers, nurses, first responders. projects coming up in the city like the renovation of dolores park, which is a once in 50 years opportunity to define what the park is and what changes we want to make to it. that will be a very significant...
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and very conservative when it came to fiscal policies, saying don't tax me, don't take away any more of my money, they have interviewed people, i started on food stamps, i pulled my way up, i don't like giving to people, who to me don't look like they are trying to get better. >> it is a punishment, the wrongs of yesteryear,ure we always told the same 1% that were wealthy in 1979 are same now but they gobbled up a greater share of the wealth, as if we don't have mobility up and down. >> we've seen a lot more economic mobility downward, when you have 20% of the people being rich, top 2% of the bracket, sometime that means that rich are getting richer, that is not a bad thing. melissa: if everyone is en insession cure. >> what you have seen is an ex askeex -- exacerbated by president obama. in the economy nothing is perfect, free markets they ebb and 'fro flow, you need a limitd government that gets out of the way. >> i agree, you need a strong middle class, the economic inequality is the main challenge of our generation, you have so many poor people, and so many rich people nobody in
and very conservative when it came to fiscal policies, saying don't tax me, don't take away any more of my money, they have interviewed people, i started on food stamps, i pulled my way up, i don't like giving to people, who to me don't look like they are trying to get better. >> it is a punishment, the wrongs of yesteryear,ure we always told the same 1% that were wealthy in 1979 are same now but they gobbled up a greater share of the wealth, as if we don't have mobility up and down....
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issue education... gun control... the gap between rich and poor... job creation... climate change... tax policy... the economy... iran... healthcare... ad guests on all sides of the debate. >> this is a right we should all have... >> it's just the way it is... >> there's something seriously wrong... >> there's been acrimony... >> the conservative ideal... >> it's an urgent need... and a host willing to ask the tough questions >> how do you explain it to yourself? and you'll get... the inside story ray suarez hosts inside story weekdays at 5 eastern only on al jazeera america >> welcome back. we're talking about erasing your digital past. california just passed a law allowing kids under 18 to hit the delete button. so waj, we asked our community what they would like to deligh delete. >> our community is very suspicious. mime skeletons are hopefully buried deep. no reason to unearth them now. digital, i'm worried about the photos hiding in my trunks, albums in the mid 80s. kids these days don't "v" no ideas what photo albums are. and we got one answer p my "star trek" one -win loss record.
issue education... gun control... the gap between rich and poor... job creation... climate change... tax policy... the economy... iran... healthcare... ad guests on all sides of the debate. >> this is a right we should all have... >> it's just the way it is... >> there's something seriously wrong... >> there's been acrimony... >> the conservative ideal... >> it's an urgent need... and a host willing to ask the tough questions >> how do you explain it to...
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i have a claim to get a refund on my taxes therefore i'm a creditor. it's a very small amount and i don't ever expect to see it but the number of creditors is everybody who the city does business with thirty seconds left where does a try go from here. well the question is what is the restructuring plan going to look like and can detroit ever get back to the credit markets that's the problem for the pensioners is if the we organization plan favors the creditors so that detroit in five years can reach up the pension credit market pensioners are going to take a big hit peter henning professor of law of wayne state university thank you so much for weighing in thank you for having me while you're after here a pro-business group known as the american legislative exchange council or alec has gathered for one week to discuss domestic business policy now this week the group has come to d.c. to meet but it wasn't alone protesters gathered right outside ok but like. all right we've got to go we're going to let them know it is not ok for them to have a private mee
i have a claim to get a refund on my taxes therefore i'm a creditor. it's a very small amount and i don't ever expect to see it but the number of creditors is everybody who the city does business with thirty seconds left where does a try go from here. well the question is what is the restructuring plan going to look like and can detroit ever get back to the credit markets that's the problem for the pensioners is if the we organization plan favors the creditors so that detroit in five years can...
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Dec 5, 2013
12/13
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do you file separate tax returns? >> yes, they all file separate tax returns. >> are you allowed if you have the loss on your tradelogic business your small software business versus your restaurant can you write that loss off against your restauranrestauran t? >> they are all separate. >> what happened to business aggregation? >> there is a significant administrative burden. >> effectively what we are seeing is a policy to be able to force you to be able to provide that health care. has that impacted your ability to create jobs? >> yes. >> we just heard comment that there is no data and i will quote that again. there is no data that small businesses are not hiring is a result of the implementation of the presence affordable care at, no effect on job hiring. is that your experience? >> no, it is not. >> anyone else to -- was to comment? >> no, it's not. >> businesses aren't hiring because of the affordable care act? >> i believe it's draining resources from the companies that would otherwise grow the businesses. >> ver
do you file separate tax returns? >> yes, they all file separate tax returns. >> are you allowed if you have the loss on your tradelogic business your small software business versus your restaurant can you write that loss off against your restauranrestauran t? >> they are all separate. >> what happened to business aggregation? >> there is a significant administrative burden. >> effectively what we are seeing is a policy to be able to force you to be able to...
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Dec 4, 2013
12/13
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CSPAN
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because they will trigger taxes, tax penalties on employers and individuals in those 34 states that have refused to establish an exchange and a number of those employers and individuals, including two state attorneys general, 15 indiana school districts and a dozen more private employers and private citizens have filed suit. four different lawsuits. in fact one of them will have oral arguments this afternoon in washington, d.c. there is judicial remedy for some of these abuses. >> chair now recognizes the gentleman from new york. mr. nadler. >> thank you, mr. chairman. professor rosenkranz has written in the "wall street journal" an oped piece abraham lincoln would not approve. that you comment on that, lincoln would disapprove? >> i read that article with some amusement, i have to say, professor rosenkranz. i think that president lincoln would chuckle at the notion that there is an equation between suspending the writ of habeyuss corps us with a temporary delay in the implementation of regulation that is part of a very complex new law, which is something that happens under all admi
because they will trigger taxes, tax penalties on employers and individuals in those 34 states that have refused to establish an exchange and a number of those employers and individuals, including two state attorneys general, 15 indiana school districts and a dozen more private employers and private citizens have filed suit. four different lawsuits. in fact one of them will have oral arguments this afternoon in washington, d.c. there is judicial remedy for some of these abuses. >> chair...
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Dec 3, 2013
12/13
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CSPAN2
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because those tax credits will trigger tax penalties on employers and individuals in those 34 states that have established the exchange and a number of those employers and individuals including the two states attorneys general in the 15 indiana school districts and a dozen or more private employers and private citizens have filed suit. one of them will have disasters that here in washington dc said there is a remedy for some of these abuses. >> thank you director. i yield back. >> thank you mr. chairman. mr. lazarus, professor rosenkranz has written in "the wall street journal" op-ed pieces abraham lincoln wouldn't approve of the delay and the employer mandate and can extend the habeas corpus. can you comment on the claim that they would disapprove and what about the conscientious decision of habeas corpus by lincoln? >> i read it up with some amusement. i think president lincoln would chuckle between suspending the writ of habeas corpus and the most fundamental guarantee freedom in the whole system is a temporary delay in the implementation of regulation as a part of a very complex
because those tax credits will trigger tax penalties on employers and individuals in those 34 states that have established the exchange and a number of those employers and individuals including the two states attorneys general in the 15 indiana school districts and a dozen or more private employers and private citizens have filed suit. one of them will have disasters that here in washington dc said there is a remedy for some of these abuses. >> thank you director. i yield back. >>...
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Dec 6, 2013
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FOXNEWSW
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so that tax is coming for sure. additionally, if you're a small business and you made some capital investments this year, you were getting a nice little tax deduction. starting next year your taxes will shoot up. if you make new product purchases to sustain your business, the government is raising your taxes and that is coming in 2014 and that's going to be the cbo says that's going to account for half of all new revenue next year. so, businesses are going to take it very hard starting -- >> they're at least 14 other ancillary fees going in, airline security fees, transportation fees and that's going to hit a lot of people no matter where they are in the income range. right? >> that's right. absolutely. and right now, you have senator patty murray and representative paul ryan, who have been squirreled away -- everyone has been distracted with other issues but these two lawmakers have been negotiating the budget deal for next year, and in washington, when things are quiet, that usually means something is happening, a
so that tax is coming for sure. additionally, if you're a small business and you made some capital investments this year, you were getting a nice little tax deduction. starting next year your taxes will shoot up. if you make new product purchases to sustain your business, the government is raising your taxes and that is coming in 2014 and that's going to be the cbo says that's going to account for half of all new revenue next year. so, businesses are going to take it very hard starting --...
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they look at death taxes. they look at income taxes. even though they candying up some studies every now and then that purport to show this has no effect, the fact is a lot of people move to florida, people move to texas and some people even move to states like wyoming, nevada and state of washington. david: people affected are very small, 1.4%, but when you look at the disproportionate amount of money that 1.4% pays in tax, that could be a big, if they move out, that could be a big crimp in an already-strained budget in new york. >> that's right. new york already has when you combine city and state taxes one of the highest tax burdens in the country. it devastated new york state. look at up state. again to think new york city's impervious to these kind of demand, look what happened in the 1960s and '70s they literally drove the city to bankruptcy. so why start on that path again? david: let's talk a little bit about the rhetoric of income disparity. we heard the president talking about it. there is bigger gap between the richest and po
they look at death taxes. they look at income taxes. even though they candying up some studies every now and then that purport to show this has no effect, the fact is a lot of people move to florida, people move to texas and some people even move to states like wyoming, nevada and state of washington. david: people affected are very small, 1.4%, but when you look at the disproportionate amount of money that 1.4% pays in tax, that could be a big, if they move out, that could be a big crimp in an...
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Dec 8, 2013
12/13
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CSPAN2
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this is the refund for your taxes. when i say crux, they send 585 checks to one address in singapore. they said over 850 checks to one address in lithuania. now, at one level you have to ask yourself, how you ended up with a government so mindless and so incompetent that it could do this. $4 billion is an big money, but if you had to choose between giving it away to crooks or spending it at the national institutes of health on research, i would argue it would probably be dramatically better to spend on research. i know this is a bold outside the box, unfair, you know -- what drives me crazy about congress is businesses effort to think this stuff through. and i'm writing a paper right now where i'm going to call foresight hearings. is the difference. oversight hearings are when a group of can't think it together and they pontificate for the opening our this is really bad i can't believe how bad this is, and i'm really embarrassed that this is a better than the bureaucrats come in and they all say, well, this is not quit
this is the refund for your taxes. when i say crux, they send 585 checks to one address in singapore. they said over 850 checks to one address in lithuania. now, at one level you have to ask yourself, how you ended up with a government so mindless and so incompetent that it could do this. $4 billion is an big money, but if you had to choose between giving it away to crooks or spending it at the national institutes of health on research, i would argue it would probably be dramatically better to...
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Dec 10, 2013
12/13
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ALJAZAM
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point number two, there are no tax increases here. point number three, we're finally starting to deal with auto pilot spending. that mandatory spending that has not been addressed by congress for years. this isn't easy. this is the first divided government budget agreement since 1986. the reason why we haven't done a budget agreement when both houses were controlled by other parties since 1986 is because it's not easy to do. we're not going to get everything that we want and she's not going to get everything that she wants. >> what if they reject it. >> i think we'll pass there though the house. we'll go first given our schedules. we'll post this on our website this evening and we intend to bring it to the house floor later this week. i have every reason to expect great support from our caucus. we're keeping our key principles. no one here had to sacrifice their core principles. our principles are don't raise taxes, reduce the deficit. we also have a lot of concerned members about defense. the next hit was going to hit solely on the m
point number two, there are no tax increases here. point number three, we're finally starting to deal with auto pilot spending. that mandatory spending that has not been addressed by congress for years. this isn't easy. this is the first divided government budget agreement since 1986. the reason why we haven't done a budget agreement when both houses were controlled by other parties since 1986 is because it's not easy to do. we're not going to get everything that we want and she's not going to...
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Dec 6, 2013
12/13
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BLOOMBERG
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some lawmakers call it a tax. aftere trying to go federal, woulders, make them contribute more to their retirement plans. withdoesn't sit well democrats. democrats also hoping to extend emergency unemployment benefits. more time they want that part of the mix. republicans don't like that idea. they think the emergency benefits should be canceled at this it point. john boehner hasn't closed the door completely on the issue, but it's one of the stumbling blocks. and after the report, deirdre, sell.ld be a tougher >> what if there's no deal? what's plan b? both sides are saying we want to avoid anything we can to not have a government shutdown. john boehner has said that there would be at a minimum, by the lawmakers leave for the holidays on friday, at least a temporary spending measure that would kick this can down maybe march. nobody likes that idea, but it is better than the alternative. again, that's a shipdown -- shutdown threat hanging over the the newperiod into year. that's plan b at a minimum, but even that
some lawmakers call it a tax. aftere trying to go federal, woulders, make them contribute more to their retirement plans. withdoesn't sit well democrats. democrats also hoping to extend emergency unemployment benefits. more time they want that part of the mix. republicans don't like that idea. they think the emergency benefits should be canceled at this it point. john boehner hasn't closed the door completely on the issue, but it's one of the stumbling blocks. and after the report, deirdre,...
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Dec 10, 2013
12/13
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probably emotionally taxing. you know and he seems okay. he seems like he'll be just fine. >>> newman says he plans to share more about his experience later after recovering his strength. >>> and at ktvu.com we have posted newman's entire statement look for the hot topic segment right on our home page. >>> air force one arrived carrying president obama and michelle obama. it was a 15 hour flight from maryland also on board former president george w. bush and his wife laura along with former secretary of state hillary clinton. former presidents bill clinton and jimmy carter are also traveling to south africa. the memorial at a sports stadium is scheduled to begin in the next few hours. what you're looking at right here are live pictures from that stadium as mourners begin to fill the stand. president obama is among the world leaders scheduled to speak at the memorial. >>> a call for change tonight outside a san francisco tech giant. people impacted bid soaring rents and a rise in evictions took to the streets. ktvu's healther holmes is live
probably emotionally taxing. you know and he seems okay. he seems like he'll be just fine. >>> newman says he plans to share more about his experience later after recovering his strength. >>> and at ktvu.com we have posted newman's entire statement look for the hot topic segment right on our home page. >>> air force one arrived carrying president obama and michelle obama. it was a 15 hour flight from maryland also on board former president george w. bush and his wife...
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Dec 3, 2013
12/13
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KPIX
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tax at the end of the year. not a lot of people do that. >> brick and mortar stores have long complained they are losing business to online retailers because shoppers aren't forced to pay taxes online. >>> 5:39. the new york commuter train that derailed killing four passengers was speeding. all seven cars of a metro-north train ran off the tracks on a sharp curve in the bronx on sunday. the speed limit for the curve 30 miles per hour. the train was going 82 miles an hour at the curve. it's not clear what caused the crash. the engineer has been questioned. >>> autopsy results for actor paul walker could be released today. the movie star and a friend killed in a fiery crash over the weekend. there were reports the pair had been racing another car before the accident but as teresa garcia reports, investigators have ruled it out. >> reporter: this video obtained by "omg! insider" shows the crash and the explosion that created a huge plume of smoke and fire on saturday. the crash killed paul walker and the driver, pr
tax at the end of the year. not a lot of people do that. >> brick and mortar stores have long complained they are losing business to online retailers because shoppers aren't forced to pay taxes online. >>> 5:39. the new york commuter train that derailed killing four passengers was speeding. all seven cars of a metro-north train ran off the tracks on a sharp curve in the bronx on sunday. the speed limit for the curve 30 miles per hour. the train was going 82 miles an hour at the...
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Dec 2, 2013
12/13
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CSPAN2
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system and leveraging this idea of refundable tax credit would be a new entrepreneur tax credit. we put this idea out, it's the idea that there would be some refundable credit even for limited by age of your business or limiting the amount. nebraska has a model of this policy that we can build on. that would have the opportunity to incentivize a lot of folks to do so employment to get over the. i think the other thing is referencing the current tax incentives, refundable tax credits that you help a lot of small business owners. the eitc even though its focus on low-wage workers comp the fact is your self-employment income comes for the. answer but i think in 2007, 6 million individuals who filed a schedule c. actual reported some self-appointed earnings. and a pretty large portion, most of income from self-employment. there's a whole number of programs that come out of the iris that supports volunteer income tax assistance, that support helping individuals to navigate the tax system. right now there's a pie that were a small number of those sites are able to help low income entre
system and leveraging this idea of refundable tax credit would be a new entrepreneur tax credit. we put this idea out, it's the idea that there would be some refundable credit even for limited by age of your business or limiting the amount. nebraska has a model of this policy that we can build on. that would have the opportunity to incentivize a lot of folks to do so employment to get over the. i think the other thing is referencing the current tax incentives, refundable tax credits that you...
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Dec 6, 2013
12/13
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>> in a pure market there would be no tax subsidies, but many of the resources in the market have tax subsidies of one sort or another that are not taken into account in the marketplace. >> commissioner, you are up. >> to echo the comments i agree any tax implication is going to affect and open marketplace. having said that, i am concerned that some of the nuclear facilities that have been closing were looking at retiring because of the pricing is a concern for me because the long-term stability of those with baseload fuel and plans in the system is important. >> we need those. commissioner clark. >> i would agree for the reasons that you have identified created is a decision for congress to make. but clearly it does have a market distorting impact especially in very wind rich parts of the country and certain times of the day. >> one final question. following on my colleagues from mr. green blank question about the grid of liability passed in congress. is everyone still agree that it's bad policy to trap companies between two different regulators with different goals during the power
>> in a pure market there would be no tax subsidies, but many of the resources in the market have tax subsidies of one sort or another that are not taken into account in the marketplace. >> commissioner, you are up. >> to echo the comments i agree any tax implication is going to affect and open marketplace. having said that, i am concerned that some of the nuclear facilities that have been closing were looking at retiring because of the pricing is a concern for me because the...
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Dec 9, 2013
12/13
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you had sent a flat individual and corporate tax rate with 5%. give parents more school choice and education tax credits and loosen visa rules to encourage entrepreneurs to open businesses. while those are all good ideas, you've got to pour more government money into those inner cities if you're going to make a difference. >> well, chris, it hasn't worked. the president pours a trillion dollars into the nation's economy when you divided it out, it was about $400,000 per ild. the problem with a government stimulus is you pick the winners and loser rs. with this stimulus i'm talking about, a free market stimulus, you simply leave the money in the hands of those who have earned it, so the customers have pickeded out thesuccessful people. those people get more money. like i met a young man, young african man who has his own restaurant. his first question is do you have any tax breaks for me for my business. that's what what would do. help people in business and trying. >> but i don't have to tell you senator, republicans have a steep hill to climb in
you had sent a flat individual and corporate tax rate with 5%. give parents more school choice and education tax credits and loosen visa rules to encourage entrepreneurs to open businesses. while those are all good ideas, you've got to pour more government money into those inner cities if you're going to make a difference. >> well, chris, it hasn't worked. the president pours a trillion dollars into the nation's economy when you divided it out, it was about $400,000 per ild. the problem...
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Dec 9, 2013
12/13
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the tax is a federal tax. it is important to account for it separately since we have a dedicated payroll tax for that purpose. balancing should be -- ideally it would be good if we could say social security was completely off budget. and technically speaking it is off budget. it is money that comes into the treasury and the benefits go out. it is not as if beneficiaries -- we talk about the payroll tax being insufficient to cover benefits, which it is right now. the program is running a deficit. able toecurity is receive sufficient funding by cashing in the bonds it has in that is anund, but expense to the treasury which has to come up with the money to cover those bond payments into social security. the bottom line is it is part of the federal budget. we have not privatized the system. the money is accounted for separately. the government is not going to default on the money it owes to social security or to the medicare part a trust fund. host: bob is on our line for and dependents. -- for independents. calle
the tax is a federal tax. it is important to account for it separately since we have a dedicated payroll tax for that purpose. balancing should be -- ideally it would be good if we could say social security was completely off budget. and technically speaking it is off budget. it is money that comes into the treasury and the benefits go out. it is not as if beneficiaries -- we talk about the payroll tax being insufficient to cover benefits, which it is right now. the program is running a...
SFGTV: San Francisco Government Television
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Dec 10, 2013
12/13
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of quarterly, assessment, collection, and transfer of assessments by the office of the treasurer and tax collector; and an agreement with the nonprofit owners' association for administration/management of the district in accordance with the california streets and highways code, section 36651. >> colleague, can we take these two items same house same call? without objectiontion the resolution is adopted -- both resolutions are adopted. [gavel] >> next item. >> item 25, resolution authorizing the mayor's office of housing and community development to accept and expend an infill infrastructure grant from the california state department of housing and community development in the amount of $5,661,107 to commence following board approval, for the housing development at 5800 third street. ~ third street >> same house same call? this resolution is adopted. [gavel] >> next item, item 26. >> item 26, resolution urging the restart of greenfinancesf and supporting the mayor, department of the environment, and office of public finance to enable city residents to finance the costs of energy efficienc
of quarterly, assessment, collection, and transfer of assessments by the office of the treasurer and tax collector; and an agreement with the nonprofit owners' association for administration/management of the district in accordance with the california streets and highways code, section 36651. >> colleague, can we take these two items same house same call? without objectiontion the resolution is adopted -- both resolutions are adopted. [gavel] >> next item. >> item 25,...
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worth you might want to join the growing number of wealthy folks taking advantage of more favorable tax nations now according to a u.b.s. and well fed ex billionaire senses paul billionaire hot spot such as singapore switzerland and hong kong have emerged as favored destinations for the ultra rich due to factors like quality of life good education and low taxes now in these third countries their billionaire populations grew up locally by only thirty six thirty four and twenty five percent respectively and the rest they came from afar now rachel i turn to you let's talk about this growing trend do you think it's fair let alone you know morally ok if you made your money here in the u.s. and america provided that place for you to make it free to get up and leave balance to greener tax pastures if you would think that everyone has the right to move where they want and i think it's important that we preserve that right but when it comes to the moral question that you ask for people who have benefited from anything in the united states from patent legislation to good roads to solid internet t
worth you might want to join the growing number of wealthy folks taking advantage of more favorable tax nations now according to a u.b.s. and well fed ex billionaire senses paul billionaire hot spot such as singapore switzerland and hong kong have emerged as favored destinations for the ultra rich due to factors like quality of life good education and low taxes now in these third countries their billionaire populations grew up locally by only thirty six thirty four and twenty five percent...
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Dec 10, 2013
12/13
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to a flath regard tax, we must reform the tax code. we are letting wealthy people get off the hook by sending the money overseas. we saw a presidential candidate do that in the last election. that is not fair. somebody making several million dollars a year would be paying the same rate as somebody that is digging a ditch for $10 an hour. that is not fair. clearly we need to simplify the loopholeso end the that allow corporations -- some corporations pay no tax at all. that is wrong. individuals can avoid taxes with loopholes and schemes. all of that should end. part of the responsibility is to help pay for the nation in a fair and appropriate way. we have a huge public campaign finance reform. we have secret money in terms of hundreds of billions of dollars. it is clearly corrupting the process. the supreme court's decision made it difficult to pass any ind of legislation except t so that disclosure people know what to expect. the internal revenue service is looking at it regulation that is being abused and this is the 501c4 regulation
to a flath regard tax, we must reform the tax code. we are letting wealthy people get off the hook by sending the money overseas. we saw a presidential candidate do that in the last election. that is not fair. somebody making several million dollars a year would be paying the same rate as somebody that is digging a ditch for $10 an hour. that is not fair. clearly we need to simplify the loopholeso end the that allow corporations -- some corporations pay no tax at all. that is wrong. individuals...
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Dec 3, 2013
12/13
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inflation is a tax. you lower the inflation rate, that's a cut. oil is a tax. i know the retail stuff is disappointing and dominic's reporting is accurate. on the other hand, the economy is growing at 2%, 2.5%. profits are rising, interest rates are low. you're not going to have the fed slow down in bond buying until march. that's my message from today's retail sales. >> i agree with you. the last part you mentioned is the most important of all. what's really spurred the stock market has been janet yellen. we're going to get a continuation of bernanke's policies and at least for the near term possibly even an acceleration -- at least versus expectations. people who thought taper was going to be in september, that obviously didn't happen. i don't think taper is happening imminently. spring at the earliest. that's enough probably to keep assets going. having said that, you want to be in careful places. go-go momentum stocks have seen drops -- >> we should be going through and parsing this out. but i'm an index guy. i know i'm not smart enough -- dom dominic, the
inflation is a tax. you lower the inflation rate, that's a cut. oil is a tax. i know the retail stuff is disappointing and dominic's reporting is accurate. on the other hand, the economy is growing at 2%, 2.5%. profits are rising, interest rates are low. you're not going to have the fed slow down in bond buying until march. that's my message from today's retail sales. >> i agree with you. the last part you mentioned is the most important of all. what's really spurred the stock market has...
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Dec 9, 2013
12/13
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CSPAN2
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it has sent that to crooks, refunds for your taxes. when i say the crooks, 585 checks were sent to one address in singapore. [laughter] they sent over 850 checks to one address in lithuania and on one level we have to ask ourselves how we ended up with a government that is so mindless and incompetent that it could do this. if you had to choose this or spending it at the national institute of health and research, i would argue that it would probably be dramatically better. i know that this is a bold and outside of the box, unfair thing. what drives me crazy is that to the best of my knowledge there is no serious effort to think any of us through. i am writing a paper and here is the difference. the oversight hearings by when a group of congressmen get congressmen get together and they pontificate for the opening hour that this is is really bad, i can't believe how bad does. and i'm really embarrassed that this is so bad. and the bureaucrats come in and they all say, well, this is really not quite so bad, but it is pretty bad. and we fee
it has sent that to crooks, refunds for your taxes. when i say the crooks, 585 checks were sent to one address in singapore. [laughter] they sent over 850 checks to one address in lithuania and on one level we have to ask ourselves how we ended up with a government that is so mindless and incompetent that it could do this. if you had to choose this or spending it at the national institute of health and research, i would argue that it would probably be dramatically better. i know that this is a...